US stock futures rise as earnings season looms

NEW YORK (AP) — U.S. stock futures are building on gains from Friday's strong jobs report as Wall Street turns its attention to the traditional start of earnings season.

Richard Drew

Specialist Anthony Rinaldi, right, works with traders on the floor of the New York Stock Exchange Friday, July 5, 2013. Concern over China's slowdown weighed on Asian stocks Monday July 8, 2013 while European markets regained their footing after last week's stronger-than-expected U.S. jobs report. (AP Photo/Richard Drew)

Specialist Anthony Rinaldi, right, works with traders on the floor of the New York Stock Exchange Friday, July 5, 2013. Concern over China's slowdown weighed on Asian stocks Monday July 8, 2013 while European markets regained their footing after last week's stronger-than-expected U.S. jobs report. (AP Photo/Richard Drew)

The overall corporate earnings outlook has dimmed. Analysts now predict that second-quarter earnings for companies in the Standard & Poor's 500 rose 3 percent compared with a year earlier, according to a survey by S&P Capital IQ. But as recently as April 1, they predicted a gain of nearly 7 percent.